GLOBAL MERCHANT SUBMARINE MARKET

INTRODUCTION

A merchant submarine is a subtype of submarine designed for trade; unlike most other subtypes of submarines, it lacks guns and is not regarded as a warship. It would be used for blockade running or for diving beneath Arctic ice.

A wide range of missions, including anti-surface and anti-submarine warfare, information gathering, mine reconnaissance, ground attacks, polar operations, Special Forces support, and guarding other fleet ships, are all tasks that submarines are capable of performing.

Civilian uses include marine science, salvage, exploration, and facility inspection and maintenance. Moreover, submarines can be modified to perform particular tasks including search and rescue operations and the maintenance of underwater cables. They are also employed in underwater archaeology and tourism. 

GLOBAL MERCHANT SUBMARINE MARKET SIZE AND FORECAST

The Global Merchant submarine market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

RECENT DEVELOPMENT

Third Scorpene Class Submarine of India, "Karanj," is launched by MDL. Earlier today, the Mazagon Dock Shipbuilders Limited (MDL), which is constructing India's third Scorpene class submarine, "Karanj," under licence for the Indian Navy (IN), launched it.

The launch of the Karanj serves to further emphasise how the Scorpene Class licence build programme has revitalised India's ability to manufacture diesel-electric submarines, as they have previously analysed.

Karanj was towed to Mumbai Port Trust where it was permitted to enter the water after being removed from drydock in a submarine launch pontoon. Before it gets commissioned into the IN, Karanj will now go through a series of demanding trials and examinations, both on land and at sea.

As a result, Karanj is the third of a set of six Scorpene Class submarines that MDL is constructing in coordination with France's Naval Group (formerly DCNS).

According to a statement made on the occasion of the launch of Karanj, "Karanj marked a significant departure from the manning and training philosophy that was adopted for the first two submarines," and that "from the third submarine onwards, the Navy would be fully self reliant in training and certification processes." Furthermore, They mentioned

COMPANY PROFILE

• BAE Systems.
• Daewoo Shipbuilding and Marine Engineering (DSME)
• General Dynamics
• Lockheed Martin.
• Northrop Grumman. 

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Merchant submarines are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global Merchant submarine and key vendor selection criteria
3. Where is the Merchant submarine manufactured? What is the average margin per unit?
4. Market share of Global Merchant submarine market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global Merchant submarine in-house
6. key predictions for next 5 years in Global Merchant submarine market
7. Average B-2-B Merchant submarine market price in all segments
8. Latest trends in Merchant submarine market, by every market segment
9. The market size (both volume and value) of the Merchant submarine market in 2023-2030 and every year in between?
10. Production breakup of Merchant submarine market, by suppliers and their OEM relationship